Earth Fund

Overview

Earth Fund is a Bengaluru-based venture capital fund focused on real estate technology and sustainability. Launched by Brigade Group and Gruhas, the fund operates as a SEBI-registered Category II Alternative Investment Fund. It backs startups working across real estate, construction, PropTech, climate technology, clean technology and the broader built environment. The fund combines venture investing with direct access to Brigade Group's real estate and infrastructure expertise.

Investment Focus and Stage

Earth Fund invests primarily at the Pre-Series A and Series A stages, with a typical investment of $1 million to $2 million. It looks for companies that have demonstrated product-market fit and are ready to scale their solutions. The fund's mandate covers UrbanTech, including PropTech, construction technology, real estate solutions and asset utilisation, alongside sustainability themes such as climate technology, clean technology, smart mobility and energy.

Its approach goes beyond financial investment. Portfolio companies can gain access to industry partnerships, proof-of-concept opportunities, market connections and strategic support through Brigade Group and Gruhas. This gives founders a route to test and deploy technology within the built environment.

Fund Size and Portfolio

Earth Fund has a ₹300 crore corpus, comprising a ₹200 crore fund with a ₹100 crore green-shoe option. At an exchange rate of ₹96.27 per US dollar on October 5, 2026, that is approximately $31.2 million, including the green-shoe option. The fund initially planned to build a portfolio of 10 to 15 startups.

Its portfolio includes Wiffy, Arum, Truboard and other startups working across the built environment and sustainability landscape. Wiffy, which provides technology and services infrastructure for India's home-improvement market, raised a $3 million round led by Earth Fund in 2026.

Earth Fund builds on Brigade REAP, the Brigade Group's real estate accelerator and investment program, which has backed more than 65 startups working on challenges in the built environment.

Leadership

Abhay Garg is Head of Fund. A Chartered Accountant with more than two decades of experience, he has worked across corporate finance, venture capital and startup operations. Before joining Earth Fund, he held leadership positions at L&T SuFin, Baytree Ventures, Axis PE and Acumen.

Keshav Jain serves as Senior Vice President. He previously served as Chief Investment Officer at Brigade REAP, where he worked with a portfolio of more than 65 UrbanTech and sustainability startups. His earlier experience includes Core91 VC, NeoDx and Piramal Capital.

Dheeraj S is Fund Manager, bringing experience across early-stage investing, private equity and corporate strategy. He previously worked with the Manipal Group's startup portfolio and co-managed Sundaram Group's $150 million real estate alternative funds.